Jan. 30 at 4:36 PM
$KAPA Due to IB6 restrictions KAPA is currently limited to issuing only up to
$4.5 million in new shares (subject to change, but daily closing price would need to exceed
$0.97). The
$4.5 million amount is stated in the S-3 as the ATM amount. Typically, a company only utilizes an ATM under high-volume, price-favorable conditions (i.e., positive catalyst days). Also, at this time, the remainder of the S-3 amount could only be issued as new shares through a non-public sale (PIPE). To me the S-3 filing suggests very good things ahead and lowers the likelihood of a reverse split. Strongly bullish here, but it's likely that any sharp price rise may be weeks or several months away.
